secwatch.observer — SEC 8-K summary
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Issuer:     Duolingo, Inc. (DUOL)
CIK:        0001562088
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001562088-25-000039
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Duolingo Q4 revenue $209.6M (+39% YoY), DAUs 40.5M (+51%), record bookings and profitability
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- Q4 total bookings $271.6M (+42% YoY); subscription bookings $236.5M (+50% YoY).
- Q4 net income $13.9M vs $12.1M; Adj. EBITDA $52.3M (25.0% margin vs 23.3% YoY).
- FY2024 revenue $748.0M (+41% YoY); Adj. EBITDA $191.9M (25.7% margin).
- Paid subscribers 9.5M (+43% YoY); Duolingo Max accounts for 5% of paid subs at year-end.
- Free cash flow Q4 $87.8M (42% margin); 2025 priorities include Video Call and AI features.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1562088/000156208825000039/0001562088-25-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1562088/000156208825000039/duol-20250227.htm
  HTML page:      https://secwatch.observer/filing/0001562088-25-000039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer